|Nowadays, it’s commonplace to rely on Weixin payment rather than cash in day-to-day transactions. Mobile payment platforms like these are just one of the many exciting developments in Fintech. Others include cloud computing, blockchain and big data, which are bringing Fintech front and centre in modern society.
Even the scorching summer heat could not deter over 100 alumni and securities friends from attending a talk titled “Fintech-led Revolution in Traditional Securities”, featuring guest speaker Dr. Yang Long, Vice President of Gf Securities Co. Ltd, organized by FMBA Alumni Association. Held on 10 June in the Shenzhen International Innovation Centre, the event was hosted by Mr. Su Xusheng (FMBA 2017), Assistant General Manager of the Shenzhen Stock Exchange, who introduced the topic of technological transition in securities companies and the vital role of Fintech in the future of the industry.
Dr. Yang Long began his talk by analysing the transformation of securities retailers, giving an in-depth introduction on the strategic plan of Gf Securities. He demonstrated a three-pronged approach in which servicing, operation and business models (e.g. terminal consulting, robot investing, and Golden Key, etc.) make it effective for traditional securities companies to experience technological transition. Citing Goldman Sachs and Walmart as successful American examples that have benefitted from Fintech, Dr. Yang concluded by encouraging China’s traditional securities companies to find a similar path. His enlightening talk held his audience riveted and broadened their global horizons.
To foster a lasting relationship between FMBA alumni and business leaders across various industries, Ms. Florence Lai, Alumni and Corporate Affairs Director, presented a letter of appointment to Dr. Yang Long following his lecture, making him a business mentor on this project.